Petco Health and Wellness pany(WOOF) - 2026 Q1 - Earnings Call Presentation

Financial Performance - Q1 2025 adjusted EBITDA increased by $13.8 million to $89.4 million, exceeding expectations[6] - Net sales for Q1 2025 were $1.493 billion, a decrease of 2% year-over-year[18, 39] - The company reaffirmed its 2025 net sales and earnings outlook, including estimated tariff headwinds as of June 5th, 2025[8] - Net debt decreased by 2% year-over-year, from $1.50 billion to $1.46 billion[24] - Liquidity increased by 5% year-over-year, from $617 million to $648 million[24] Sales by Category - Consumables net sales decreased by 2% year-over-year[19, 39] - Supplies and Companion Animal net sales decreased by 4% year-over-year[19, 39] - Services and Other net sales continued to deliver positive growth, increasing by 1% year-over-year[19, 39] Guidance - Q2 2025 net sales are expected to be down low single digits year-over-year[26] - Q2 2025 adjusted EBITDA is projected to be between $92 million and $94 million[26] - Full year 2025 adjusted EBITDA is expected to be between $375 million and $390 million[26]